Stock Upgrades to consider- T, BOT, EXPD, MW & ZUMZ
By Yaser Anwar, CSC of Equity Investment Ideas
AT&T upgraded to "buy"-Analysts at Banc of America Securities upgrade AT&T Inc (T) from "neutral" to "buy," while reducing their estimates for the company. The target price has been raised from $29 to $30.
In a research note published this morning, the analysts mention that the company is likely to raised its earnings guidance going ahead on account of the completion of the BellSouth merger. Cingular is likely to deliver robust subscriber, revenue and EBITDA growth, which would help to boost AT&T’s margins and profitability going forward, the analysts say. The company is likely to generate an EPS CAGR of 11% in 2007-2009, Banc of America Securities adds. The EPS estimates for FY06 and FY07 have been reduced from $2.19 to $2.18 and from $2.36 to $2.34, respectively.
CBOT Holdings "neutral," target price raisedAnalyst Chris Allen of Banc of America Securities maintains his "neutral" rating on CBOT Holdings Inc (CBOT), while raising his estimates for the company. The target price has been raised from $98 to $105.
In a research note published this morning, the analyst mentions that the company has reported robust volumes for June, with ADV of 3.2 million contracts rising 20% y/y and declining 11% sequentially. The company’s RPC was ahead of expectations for the three months ended May, driven by a mix shift to electronic trading, the analyst says. The EPS estimates for 2006 and 2007 have been raised from $2.66 to $2.75 and from $3.25 to $3.50, respectively.
Men's Wearhouse "buy," estimates raisedAnalysts at Stifel Nicolaus & Company reiterate their "buy" rating on Mens Wearhouse Inc (MW), while raising their estimates for the company. The target price is set to $42.
In a research note published this morning, the analysts mention that the company’s US comp store sales rose 3.7% in June, ahead of the estimates, due to robust tuxedo rentals. Comp store sales at Moores of Canada climbed 4.7% due to healthy suit sales and higher merchandise prices, the analysts say. The EPS estimate for 2Q has been raised from $0.55 to $0.57.Zumiez "buy" target price raised
Analysts at DA Davidson maintain their "buy" rating on Zumiez Inc (ZUMZ), while raising their estimates for the company. The target price has been raised from $40 to $41.In a research note published this morning, the analysts mention that the company has reported its June consolidated same-store sales ahead of the estimates and the consensus. Zumiez's transactions and average unit retail improved during the month, the analysts say. DA Davidson expects the company to generate 42% earnings growth during the year and low-to-mid single digit comps during the rest of the year. The EPS estimates for FY06 and FY07 have been raised from $0.66 to $0.67 and from $0.92 to $0.93, respectively.
Expeditors International downgraded to "underweight"Analysts at Stephens Inc downgrade Expeditors International (EXPD) from "overweight" to "underweight." The target price is set to $52.In a research note published yesterday, the analysts mention that the downgrade in rating is based on valuation. The company's stock is trading at a price ahead of the target price, the analysts report. Expeditors International's share price has appreciated by about 73% year-to-date and reflects the company's robust fundamentals, the analysts say. Expeditors International’s share price also reflects significant ocean yield expansion going forward, Stephens Inc adds.
Sources: NR, Market Watch & Ameritrade
http://equityinvestmentideas.blogspot.com/
AT&T upgraded to "buy"-Analysts at Banc of America Securities upgrade AT&T Inc (T) from "neutral" to "buy," while reducing their estimates for the company. The target price has been raised from $29 to $30.
In a research note published this morning, the analysts mention that the company is likely to raised its earnings guidance going ahead on account of the completion of the BellSouth merger. Cingular is likely to deliver robust subscriber, revenue and EBITDA growth, which would help to boost AT&T’s margins and profitability going forward, the analysts say. The company is likely to generate an EPS CAGR of 11% in 2007-2009, Banc of America Securities adds. The EPS estimates for FY06 and FY07 have been reduced from $2.19 to $2.18 and from $2.36 to $2.34, respectively.
CBOT Holdings "neutral," target price raisedAnalyst Chris Allen of Banc of America Securities maintains his "neutral" rating on CBOT Holdings Inc (CBOT), while raising his estimates for the company. The target price has been raised from $98 to $105.
In a research note published this morning, the analyst mentions that the company has reported robust volumes for June, with ADV of 3.2 million contracts rising 20% y/y and declining 11% sequentially. The company’s RPC was ahead of expectations for the three months ended May, driven by a mix shift to electronic trading, the analyst says. The EPS estimates for 2006 and 2007 have been raised from $2.66 to $2.75 and from $3.25 to $3.50, respectively.
Men's Wearhouse "buy," estimates raisedAnalysts at Stifel Nicolaus & Company reiterate their "buy" rating on Mens Wearhouse Inc (MW), while raising their estimates for the company. The target price is set to $42.
In a research note published this morning, the analysts mention that the company’s US comp store sales rose 3.7% in June, ahead of the estimates, due to robust tuxedo rentals. Comp store sales at Moores of Canada climbed 4.7% due to healthy suit sales and higher merchandise prices, the analysts say. The EPS estimate for 2Q has been raised from $0.55 to $0.57.Zumiez "buy" target price raised
Analysts at DA Davidson maintain their "buy" rating on Zumiez Inc (ZUMZ), while raising their estimates for the company. The target price has been raised from $40 to $41.In a research note published this morning, the analysts mention that the company has reported its June consolidated same-store sales ahead of the estimates and the consensus. Zumiez's transactions and average unit retail improved during the month, the analysts say. DA Davidson expects the company to generate 42% earnings growth during the year and low-to-mid single digit comps during the rest of the year. The EPS estimates for FY06 and FY07 have been raised from $0.66 to $0.67 and from $0.92 to $0.93, respectively.
Expeditors International downgraded to "underweight"Analysts at Stephens Inc downgrade Expeditors International (EXPD) from "overweight" to "underweight." The target price is set to $52.In a research note published yesterday, the analysts mention that the downgrade in rating is based on valuation. The company's stock is trading at a price ahead of the target price, the analysts report. Expeditors International's share price has appreciated by about 73% year-to-date and reflects the company's robust fundamentals, the analysts say. Expeditors International’s share price also reflects significant ocean yield expansion going forward, Stephens Inc adds.
Sources: NR, Market Watch & Ameritrade
http://equityinvestmentideas.blogspot.com/
posted by douglas mcintyre at 8:39 AM
Subscribe
<< Home